Johnson Fistel Investigates Barnes & Noble Education, Inc. Over Accounting Irregularities and Financial Restatement

SAN DIEGO--(BUSINESS WIRE)--Johnson Fistel, PLLP is investigating potential claims for investors of Barnes & Noble Education, Inc. ("Barnes & Noble") (NYSE: BNED) over possible violations of federal securities laws.

What if I purchased Barnes & Noble securities?

Shareholders who suffered losses and want to determine eligibility for the potential class action or recovery of losses should follow the link:
https://www.johnsonfistel.com/investigations/barnes-noble-inc/

For more information, contact James Baker at [phone], [e-mail] or [e-mail].

Background:

On July 18, 2025, Barnes & Noble Education announced that management had been alerted to issues concerning how the company recorded the cost of digital sales. The company stated that this may have resulted in an overstatement of up to $23 million in accounts receivable as of its May 3, 2025 fiscal year-end.

Following this disclosure, Barnes & Noble’s stock dropped sharply, losing $2.36 per share, or about 21%, to close at $8.87 on July 21, 2025.

Later, on August 29, 2025, the company revealed that an internal investigation had concluded its previously issued financial statements—from the fiscal year ended April 27, 2024 through the quarter ended January 25, 2025—should no longer be relied upon. Barnes & Noble also provided preliminary details regarding the impact of the expected restatement, attributing the problems in part to “the actions of a payment processing employee” and the recognition of certain sales that failed to meet established revenue criteria.

About Johnson Fistel, PLLP

Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in securities class actions and shareholder derivative lawsuits, including foreign investors who purchase on U.S. exchanges. In 2024, the firm was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, having recovered approximately $90.7 million for clients where it served as lead or co-lead counsel. For more information, visit www.johnsonfistel.com.

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